Korea / Special Situations, Clepsydra Capital

Sanghyun Park

Korea / Special Situations

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

<ul>
<li>The index focuses on qualitative factors like capital efficiency and shareholder returns, but efforts to impose sector balance may have overextended its market benchmark role.</li>
<li>Some companies not fitting the 'value-up' narrative got included, while market favorites were sidelined by sector rankings, which is puzzling given the index's original goal.</li>
<li>Still, with rebalancing cut down to once a year, we should expect the flow impact on the index names to hit harder than initially thought compared to their sector peers.</li>
</ul>


The index focuses on qualitative factors like capital efficiency and shareholder returns, but efforts to impose sector balance may have overextended its market benchmark role.
Some companies not fitting the 'value-up' narrative got included, while market favorites were sidelined by sector rankings, which is puzzling given the index's original goal.
Still, with rebalancing cut down to once a year, we should expect the flow impact on the index names to hit harder than initially thought compared to their sector peers.


All the Scoop on the Korea Value-Up Index

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Bottom-Up

<ul>
<li>One of the emerging trends in the Korean equity markets in the past several weeks has been the shift out of high beta, high P/E stocks to deep value stocks.</li>
<li>In this insight, we will discuss about the top 10 stocks in Korea with highest net cash as percentage of market cap. </li>
<li>These 10 stocks are up on average 2.9% YTD, outperforming KOSPI which is down 5.9% in the same period.</li>
</ul>


One of the emerging trends in the Korean equity markets in the past several weeks has been the shift out of high beta, high P/E stocks to deep value stocks.
In this insight, we will discuss about the top 10 stocks in Korea with highest net cash as percentage of market cap. 
These 10 stocks are up on average 2.9% YTD, outperforming KOSPI which is down 5.9% in the same period.


Top 10 Stocks in Korea With Highest Net Cash as Percentage of Market Cap

Douglas Research Advisory

Thematic (Sector/Industry)

<ul>
<li><em><strong>In this insight, I discuss the launch of Korea Exchange's new after hours market and the positive impact it could have on several leading local brokers. </strong></em></li>
<li>Korea Exchange (KRX) officially launched the real time after-hours trading market on 14 September. This new platform operates from 4 PM to 8PM KST.</li>
<li>Given that the retail local investors dominate the KRX after hours market with more than 90% share, this would positively impact Kiwoom Securities, in particular.</li>
</ul>


In this insight, I discuss the launch of Korea Exchange's new after hours market and the positive impact it could have on several leading local brokers. 
Korea Exchange (KRX) officially launched the real time after-hours trading market on 14 September. This new platform operates from 4 PM to 8PM KST.
Given that the retail local investors dominate the KRX after hours market with more than 90% share, this would positively impact Kiwoom Securities, in particular.


VI (Volatility Interruption) Mechanisms Surge in the KRX's New After Hours Market Launch

<ul>
<li>Kiwoom Securities announced that it has entered into a strategic partnership with WeBull Technologies to expand its foreign omnibus account system.</li>
<li>This would enable overseas investors to trade Korean stocks real time on the WeBull platform without the need for opening a separate account with a local securities firm in Korea.</li>
<li>We expect the users of WeBull platform to be able to start trading Korean stocks sometime in the next 3-6 months. </li>
</ul>


Kiwoom Securities announced that it has entered into a strategic partnership with WeBull Technologies to expand its foreign omnibus account system.
This would enable overseas investors to trade Korean stocks real time on the WeBull platform without the need for opening a separate account with a local securities firm in Korea.
We expect the users of WeBull platform to be able to start trading Korean stocks sometime in the next 3-6 months. 


Kiwoom Securities Partners With WeBull to Expand the Foreign Omnibus Account System

Cross Asset Strategy

<ul>
<li>In this insight, we discuss the sharp capital flight out of Korea into major stocks in the US in the past several years, especially into the MAG7 stocks.</li>
<li>We provide seven major reasons why Koreans' investments in the US stocks (especially MAG7) have been surging in the past several years. </li>
<li>When will they sell? We provide some clues on this.</li>
</ul>


In this insight, we discuss the sharp capital flight out of Korea into major stocks in the US in the past several years, especially into the MAG7 stocks.
We provide seven major reasons why Koreans' investments in the US stocks (especially MAG7) have been surging in the past several years. 
When will they sell? We provide some clues on this.


7 Main Reasons Driving Surging Ownership into MAG7 Stocks by Korean Investors: When Will They Sell?

South Korea

KIWOOM Securities Co., Ltd. is an online financial institution.  The Company offers equity and fixed income securities brokerage, dealing, and underwriting services.  Kiwoom Securities provides its services to individual investors.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Kiwoom Securities (039490 KS)

All the Scoop on the Korea Value-Up Index

This post breaks down everything we need to know about the Korea Value-up Index that KRX just unveiled today, especially focusing on those...

Sanghyun Park

Top 10 Stocks in Korea With Highest Net Cash as Percentage of Market Cap

We will discuss about the top 10 stocks in Korea with highest net cash as percentage of market cap. These 10 stocks are up on average 2.9% YTD,...

Douglas Kim

VI (Volatility Interruption) Mechanisms Surge in the KRX's New After Hours Market Launch

In this insight, I discuss the launch of Korea Exchange's new after hours market and the positive impact it could have on several leading local...

Douglas Kim

Kiwoom Securities Partners With WeBull to Expand the Foreign Omnibus Account System

Kiwoom Securities partners with WeBull Technologies to allow overseas investors to trade Korean stocks in real time without opening a separate...

Douglas Kim

7 Main Reasons Driving Surging Ownership into MAG7 Stocks by Korean Investors: When Will They Sell?

In this insight, we discuss the sharp capital flight out of Korea into major stocks in the US in the past several years, especially into the MAG7...

Douglas Kim

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

All the Scoop on the Korea Value-Up Index

This post breaks down everything we need to know about the Korea Value-up Index that KRX just unveiled today, especially focusing on those...

Sanghyun Park

Top 10 Stocks in Korea With Highest Net Cash as Percentage of Market Cap

We will discuss about the top 10 stocks in Korea with highest net cash as percentage of market cap. These 10 stocks are up on average 2.9% YTD,...

Douglas Kim

VI (Volatility Interruption) Mechanisms Surge in the KRX's New After Hours Market Launch

In this insight, I discuss the launch of Korea Exchange's new after hours market and the positive impact it could have on several leading local...

Douglas Kim

Kiwoom Securities Partners With WeBull to Expand the Foreign Omnibus Account System

​Kiwoom Securities partners with WeBull Technologies to allow overseas investors to trade Korean stocks in real time without opening a separate...

Douglas Kim

7 Main Reasons Driving Surging Ownership into MAG7 Stocks by Korean Investors: When Will They Sell?

In this insight, we discuss the sharp capital flight out of Korea into major stocks in the US in the past several years, especially into the MAG7...

Douglas Kim

Kiwoom Securities partners with WeBull Technologies to allow overseas investors to trade Korean stocks in real time without opening a separate...